Chosen Valley Community Foundation in Chatfield, Minnesota (MN)
Table of contents:
| Chosen Valley Community Foundation | |
| Employer Identification Number (EIN) | 411986997 |
| Name of Organization | Chosen Valley Community Foundation |
| In Care of Name | Michael Martin |
| Address | PO BOX 552, Chatfield, MN 55923-0552 |
| Subsection | Educational Organization |
| Ruling Date | 03/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,900 |
| Amount of Income | $28,646 |
| Form 990 Revenue Amount | $28,646 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2014: $28,646 (it was $8,026 in 2013)
| Chosen Valley Community Foundation: | $28,646 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2014: $1,900 (it was $350 in 2013)
| Chosen Valley Community Foundation: | $1,900 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $14,474
| Chosen Valley Community Foundation: | $14,474 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 2.0
| Chosen Valley Community Foundation: | 2.0 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 20.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $35,023 | $71,342 | $19,037 | $8,026 |
| Contributions, gifts, grants, and similar amounts received | $34,926 | $71,325 | $18,941 | $8,025 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $23 | $17 | $3 | $1 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-16 | $0 | $93 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $90 | $0 | $0 | $0 |
| Total expenses | $26,893 | $79,620 | $17,468 | $14,474 |
| Total net assets | $13,507 | $5,229 | $6,798 | $350 |
| Excess/Deficit for the year | $8,130 | $-8,278 | $1,569 | $-6,448 |
| Net assets or fund balances at beginning of year | $5,377 | $13,507 | $5,229 | $6,798 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $6,798 | $350 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $13,507 | $5,229 | $6,798 | $350 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $13,507 | $5,229 | $6,798 | $350 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $185,313 |
| Subtotal Support | $185,313 |
| Gifts, grants, contributions, and membership fees received | $185,313 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $185,385 |
| Public Support | $185,313 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $72 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $775 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | Virginia Community Foundation | PO BOX 559, Virginia, MN 55792-0559 | MN | 2000-12 | $993,633 |
| 3 | St Elizabeths Community Development Foundation Wabasha Mn Inc | 1200 Grant Blvd W, Wabasha, MN 55981-1042 | MN | 1984-07 | $457,903 |
| 4 | The Community Foundation For Carver County | Po Box 468, Chanhassen, MN 55317 | MN | 2008-01 | $206,622 |
| 5 | Walker Area Community Foundation | PO BOX 624, Walker, MN 56484-0624 | MN | 2003-06 | $166,600 |
| 6 | Hats And Mittens Association | 16061 Highwood Drive, Minnetonka, MN 55345 | MN | 1999-05 | $79,262 |
| 7 | Zumbrota Community Trust | PO BOX 226, Zumbrota, MN 55992-0226 | MN | 2004-12 | $76,710 |
| 8 | Minnesota Bed & Breakfast Association | 305 2nd St Nw, Faribault, MN 55021-5112 | MN | 2013-08 | $38,971 |
| 9 | Greater Nicollet Area Community Foundation | PO BOX 416, Nicollet, MN 56074-0416 | MN | 2013-03 | $38,697 |
| 10 | Stewartville Area Community Foundation Inc | 105 East First Street, Stewartville, MN 55976 | MN | 2000-08 | $32,872 |
| 11 | H-545 Foundation | PO BOX 463, Henning, MN 56551-0463 | MN | 2013-05 | $24,856 |
| 12 | Windom United Drive | PO BOX 222, Windom, MN 56101-0222 | MN | 2002-11 | $20,895 |
| 13 | Brooten Community Foundation | PO BOX 400, Brooten, MN 56316-0400 | MN | 2010-06 | $18,606 |
| 14 | Proctor Synergy Inc | 28 Fifth Street, Proctor, MN 55810 | MN | 2011-09 | $9,226 |
| 15 | Savage Rotary Foundation | PO BOX 245, Sav, MN 55378 | MN | 2009-03 | $4,398 |
| 16 | Aitkin Education Foundation | 306 Second St Nw, Aitkin, MN 56431 | MN | 2014-09 | $0 |
| 17 | Bens Buddies | 3030 Little Bay Road, Roseville, MN 55113 | MN | 2008-02 | $0 |
| 18 | Bread Of Life | 8200 Humboldt Ave S Ste 204, Bloomington, MN 55431 | MN | 2013-11 | $0 |
| 19 | Cardinal Club Of West Concord Mn Inc | PO BOX 333, West Concord, MN 55985 | MN | 2013-05 | $0 |
| 20 | Dc Caring Hands Incorporated | 7307 153rd Ave Ne Trlr 10, Spicer, MN 56288-9385 | MN | 2014-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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